Riders of Pathao and Indrive must take mandatory PAN
-
Media Baaji
- Thu, 16 July 2026
Kathmandu. The government has brought ride-sharing services such as Pathao and InDrive under the ambit of taxation and implemented a new legal arrangement related to Value Added Tax VAT.
The Internal Revenue Department has issued a public notice and according to the amendment made through the Economic Act, 2083, the riders who join such platforms and provide services have to pay tax at the rate of 5 percent.
According to this new arrangement, now the ride-sharing platforms will have to collect value added tax at the rate of 5 percent during the transaction from the riders who provide transport and transportation services through their app.
Related News
Seventeen lakh farmers will be listed
Kathmandu. The Ministry of Agriculture and Livestock Development will soon list about 1.7 lakh farmers who are yet to be listed. At the local and regional level, 1.737 thousand farmers were yet to be listed due to some technical reasons including...
The Australian dollar, euro, pound and dinar rose further, while the US dollar also appreciated
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currencies for today. Today, the exchange rates of most foreign currencies including the US dollar, Australian dollar, Euro, pound, Kuwaiti and Bahraini dinars have increased...
Solu Hydropower's IPO will be distributed next week
Kathmandu. The IPO of Solu Hydropower Limited will be distributed only next week. Nabil Investment Banking Limited and Himalayan Capital Limited as sales managers have informed that they are working to distribute the IPO only.
In the company...
Today, NEPSE increased by a normal number, the turnover fell to 3 billion 22 million
Kathmandu. On the fourth trading day of the week, NEPSE index increased by 1.37 points to 2585.87. During the day, 72 lakh 24 thousand 917 shares of 334 companies were bought and sold, and 3 billion 224 million shares were traded. Today, while the...
Development expenditure only 23.58 percent in nine months
Kathmandu. In the nine months of the current fiscal year 2082/83, the government has spent about 54 percent of the budget. The government had brought a budget of 19 trillion 64 billion rupees for the current financial year. Out of that, the govern...
As the US dollar appreciates so does the exchange rate of other foreign currencies
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the value of the US dollar has increased. For today, the buying rate of one US dollar is 149 rupees 11 paisa and the...